20 Trending AI Stocks on Latest Analyst Ratings and News

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13. Celestica Inc. (NYSE:CLS)

Number of Hedge Fund Holders: 38

Celestica Inc. (NYSE:CLS) offers a range of product manufacturing and related supply chain services. The company recently announced the availability of the SC6100, a next-generation, 2U rackmount all-flash storage controller for enterprise application workloads. The storage controller builds on a cutting-edge portfolio of storage, compute and networking Hardware Platform Solutions, one of the fastest-growing departments of the firm due to the AI boom. The controller is powered by two AMD EPYC Embedded 9004 series processors and supports up to 24 dual-port U.2 PCIe Gen 5 solid state drives.

Canaccord analyst Robert Young recently raised the price target on Celestica Inc. (NYSE:CLS) stock to $70 from $53 and kept a Buy rating, noting that the company reported another strong quarter with Q2 results ahead of consensus on all metrics. The analyst added that in addition to a strong Q3 outlook, guidance for the next fiscal year was raised across the board.

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